Think like a presale IFO = Initial farm offering Buy new tokens using CAKE. The project gets the CAKE, PancakeSwap burns the participation fees CAKE. You get the tokens. New IFO (PORTO): https://pancakeswap.finance/voting/proposal/QmaakXYpydAwCgTuSPe3R2ZNraRtkCbK6iBRqBCCdzqKEG More details of the IFO here: https://docs.pancakeswap.finance/products/ifo-initial-farm-offering
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